Is online gambling taxed

Robert Tomlinson which is reportedly gaining traction would tax online table games and poker at 16 percent and online slots at 54 percent. Any potential stakeholders will likely avoid online gambling like the plague.

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Online Gambling & Broken Government
Fortunately the only form of tax that was online you are not going to have to pay tax on your. Jamie Golombek: If the main source income comes from online poker gaming, that is taxable business income, compared to another taxpayer. Taxes are a very grey area when it comes to online gambling. You see, in offline casinos, winnings can and will be taxed once they hit a certain amount.